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If the resources of the European Commission’s Just Transition Fund are increased, after 31 December, 2024, a green mechanism will be introduced rewarding the countries which have reduced industrial emissions of greenhouse gases.
Bulgaria could gain access to 1.178 billion euro, but for its projects to be approved for grant funding they have to focus on economic diversification, restructuring or on creating new jobs supporting the transition to a circular and climate-neutral economy.
The EU’s ambition of attaining a 55% sustained reduction of greenhouse gases by 2030 places
Bulgaria in a difficult position, President Rumen Radev said before the European Council meeting in Brussels (24-25 May), and added that the country will insist on the introduction of measures to protect competitiveness and guarantee that the social cost of the green transition will be bearable.
If the resources of the European Commission’s Just Transition Fund are increased, after 31 December, 2024, a green mechanism will be introduced rewarding the countries which have reduced industrial emissions of greenhouse gases..